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SureFire_Trader
May 14, 2017 5:08 PM

#NZDCAD to parity is in the cards Long

New Zealand Dollar / Canadian DollarFOREX.com

Description

NZD could surprise many. This pair can gain serious momentum near term to retest 0.99 level. Thereafter the 1.00 target is not going to be difficult. NZDUSD is also could make a similar strong up move.

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Trade outlook is about 10-30 days
Ramesh aka Surefire Trader, is the author of his new book "Trade Forex with Confidence" to show readers how to build a profitable trading system using the 10/20/30 Rule.
bit.ly/2novoga

Trade closed manually

Even though the trade is up 120pips, the price action is not showing bullish strength I am after, and still in consolidation at this upmove. Could see the pair to sell off and break below the mid-Apr low and then resume up. Booking profit at this level is prudent.
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